Predicting Future Price Moves In Hims & Hers Health Inc (HIMS)

Hims & Hers Health Inc (NYSE:HIMS) does about 10.30M shares in volume on a normal day but saw 3916101 shares change hands in Friday trading. The company now has a market cap of 4.46B USD. Its current market price is $20.78, marking an increase of 1.42% compared to the previous close of $20.49. The 52 week high reached by this stock is $25.74 whilst the lowest price level in 52 weeks is $5.65.

Hims & Hers Health Inc (HIMS) has a 20-day trading average at $22.11 and the current price is -19.27% off the 52-week high compared with 267.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.95 and its 200-day simple moving average is $11.71. If we look at the stock’s price movements over the week, volatility stands at 5.31%, which increases to 6.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.60 to suggest the stock is neutral.

The consensus objective for the share price is $19.46, suggesting that the stock has a potential downside of -6.78% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 22, 2024 when Citigroup downgraded the stock to “Neutral” and issued a price target of between $16 and $20. Jefferies also downgraded the stock to “Hold” from Buy on April 16, 2024 at a price target of $17-$15. Canaccord Genuity initiated its price target at $20.

Hims & Hers Health Inc (HIMS) stock is up 3.80% over the week and -0.24% over the past month. Its price is 133.48% year-to-date and 133.75% over the past year.

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To reach the target analysts have set, the stock logically needs to shrink -6.78 percent from here.

The company has a return on investment of -0.66% and return on equity of -0.72%. The forward price to earnings ratio is 43.84. The beta has a value of 1.07. Price to book ratio is 12.93 and price to sales ratio is 4.65.

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